Bridgeway Capital Management LLC Grows Holdings in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Bridgeway Capital Management LLC increased its stake in Helix Energy Solutions Group, Inc. by 12.8%, owning 1,126,604 shares valued at approximately $9,362,000.
• In the 1st quarter, multiple large investors raised their holdings in Helix Energy Solutions, with AQR Capital Management boosting their stake by 530.1%.
• Analysts have mixed opinions on the stock, with a target price of $9.00 set by Raymond James, while Wall Street Zen downgraded it to a "sell."

Bridgeway Capital Management LLC grew its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 12.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,126,604 shares of the oil and gas company's stock after purchasing an additional 128,119 shares during the period. Bridgeway Capital Management LLC owned approximately 0.74% of Helix Energy Solutions Group worth $9,362,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Helix Energy Solutions Group by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 43,163 shares of the oil and gas company's stock valued at $359,000 after purchasing an additional 15,135 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Helix Energy Solutions Group during the 1st quarter valued at about $425,000. SG Americas Securities LLC boosted its stake in shares of Helix Energy Solutions Group by 8.2% during the 1st quarter. SG Americas Securities LLC now owns 69,460 shares of the oil and gas company's stock valued at $577,000 after purchasing an additional 5,251 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Helix Energy Solutions Group by 6.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,338,193 shares of the oil and gas company's stock valued at $19,430,000 after purchasing an additional 148,834 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Helix Energy Solutions Group by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock valued at $30,590,000 after purchasing an additional 396,666 shares in the last quarter. Institutional investors own 91.33% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Raymond James Financial reiterated an "outperform" rating and issued a $9.00 price target (down from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. Wall Street Zen cut shares of Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Helix Energy Solutions Group has an average rating of "Moderate Buy" and an average target price of $12.00.

Helix Energy Solutions Group Stock Performance

HLX stock traded down $0.14 during trading on Monday, reaching $6.22. The stock had a trading volume of 1,273,538 shares, compared to its average volume of 1,765,111. Helix Energy Solutions Group, Inc. has a 52 week low of $5.52 and a 52 week high of $12.33. The stock's 50 day moving average is $6.25 and its two-hundred day moving average is $6.80. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The firm has a market cap of $913.54 million, a PE ratio of 19.42 and a beta of 1.65.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.23%. The firm had revenue of $302.29 million during the quarter, compared to the consensus estimate of $326.62 million. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Helix Energy Solutions Group Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.